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>>abirached: this week on world business... >>toyota lost its worldwide reputation for reliability after this year's humiliating recalls. so canthe company recover and if so how? >>sales are down, the brand perception is down . . . they are already worried about how their image will be impacted in china. >>a new take on teaching - the education entrepreneurs shaking up the school system in the us >>things that the old system perhaps took for granted and didn't challenge the new entrepreneurs arestarting to challenge. >>and how one man and his dog changed the fortunes of a tiny cheese factory in northern england >>grommit, that's it, cheese. >>abirached: hello and welcome. i'm raya abirached and this is world business, your weekly insight into the global business trends shaping our lives. so far 2010 has been a disastrous year for toyota,with mechanical and electronic faults plaguing its vehicles, including steering problems, sticky gas pedals, suspect brakes and runaway electronic throttles. so what went wrong with this flagship japanese company and can toyota recover? >>reporter:
. the japanese carmaker toyota has agreed to pay our record $16.4 million to safety regulators in the u.s. regulators say toyota failed to inform the government about the concerns over its accelerator pedals. the chinese prime minister has visited the scene of last week's earthquake. saving lives is still the priority. rescue teams are picking through rubble. stay with us, if you can, on "bbc world news." still to come -- pope benedict marks five years at the helm of the vatican. we go to germany to find out how the catholic church is grappling with the child sex abuse scandal. first though, the exiled prime minister of thailand again calls for parliament to be dissolved and for new elections. that is the main demand of the red shirt protesters to a encamping for weeks in the middle of bangkok. hundreds of soldiers at been deployed to stop the move into the capital's business district. our correspondent has this report from the thai capital. >> troops on the streets of bangkok, heavily armed and ready to crack down on a protest that has already lasted weeks. us a real seen as tourists,
conditions returned to normal. toyota lost $4.1 billion this year. the u.s. car maker says it was profitable in its key north american market, but it also made money in asia, latin america, and europe. ford's sales were up 37% on the quarter. benjamin netanyahu will renew peace talks with the palestinians. in a speech to his supporters, he said he had heard that the palestinian leader intended to resume indirect negotiations. >> not to our next story. shares on the stock exchange have suffered their greatest folly in months. the greek debt crisis is being blamed for the drop. stocks in the u.s. also failed after the greek bonds were downgraded to junk status by a leading credit rating agency. there are doubts that greece will pay off its debt, despite international lines. portugal's debt has also been downgraded. here is our correspondent. >> when we hear the we"junk," this is what -- and hear the word "junk," this is the kind of thing we think of. stuff that can be sold for a bob or two. but there is also jumped in at the blinking world of financial markets. and the bonds of other governmen
. the decision comes after the country's deadliest civil violence in almost two decades. toyota is in the spotlight again. the japanese carmaker has halted sales of its lexus gx 460 in the united states. the report came after the consumer reports gave the vehicle a rare don't buy safety risk rating. it says the lexus may be prone to rollover. it was determined to identify and correct the issue. back to you, george. >> lucy, thank you. the mystery of the disappearing president deepens. in an interview with the bbc, nigeria's acting leader, goodluck jonathan, has said he hasn't heard from or met the country's ailing president since being disappointed to oversee the government way back in february. plagued with ill health, president umaru yar'adua has not been seen in public since last november. >> it was on his first trip to washington as nigeria's acting head of state that goodluck jonathan revealed he's had no direct contact with president yar'adua. nobody knows his exact state of health, but speaking to the bbc's service, goodluck jonathan says he hasn't seen or spoken to the p
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